Short Interest in Soho House & Co Inc. (NYSE:SHCO) Grows By 40.1%

Soho House & Co Inc. (NYSE:SHCO) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,990,000 shares, a growth of 40.1% from the February 28th total of 1,420,000 shares. Based on an average daily volume of 657,800 shares, the short-interest ratio is currently 3.0 days. Approximately 4.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Soho House & Co Inc.

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Soho House & Co Inc. by 53.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,416 shares of the company’s stock worth $1,083,000 after purchasing an additional 50,723 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Soho House & Co Inc. in the 4th quarter valued at $790,000. BNP Paribas Financial Markets bought a new stake in shares of Soho House & Co Inc. during the fourth quarter worth $182,000. Algert Global LLC raised its position in shares of Soho House & Co Inc. by 2.7% during the fourth quarter. Algert Global LLC now owns 122,811 shares of the company’s stock worth $915,000 after acquiring an additional 3,202 shares during the last quarter. Finally, Third Point LLC acquired a new position in shares of Soho House & Co Inc. during the fourth quarter valued at $17,523,000. Institutional investors own 62.35% of the company’s stock.

Soho House & Co Inc. Price Performance

Shares of NYSE:SHCO traded down $0.48 during midday trading on Friday, reaching $6.24. The company’s stock had a trading volume of 420,130 shares, compared to its average volume of 298,818. The business’s fifty day simple moving average is $7.19 and its 200-day simple moving average is $6.24. Soho House & Co Inc. has a fifty-two week low of $4.43 and a fifty-two week high of $8.47. The company has a market capitalization of $1.21 billion, a P/E ratio of -8.91 and a beta of 0.55.

About Soho House & Co Inc.

Soho House & Co, Inc is a holding company, which offers global membership platform of physical and digital spaces. It operates through the following segments: UK, North America, Europe and Rest of the World, and All Other. The company was founded by Nicholas Keith Arthur Jones in 1995 and is headquartered in London, the United Kingdom.